The company building the east-west rail line across London is seeking to cash
in on the capital’s rising property market in an attempt to make up a
potential funding shortfall.

The property division of Crossrail said that it was planning to set up joint
ventures with developers, take equity stakes and leave its “money in for
longer” on large developments above stations that it is building in central
London.

Crossrail’s property team must generate £545 million from the sale of surplus
land and property by 2018 to put towards the overall £15 billion cost of
building Europe’s largest rail project.